Ukraine Looks to Privatization to Counter Budget Woes

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Laura Mills SHOVKOVE, Ukraine--In his 50 years at the state farm here, Volodymyr Polutskiy says his work has dwindled from producing silk for Red Army parachutes to eking out a living chopping wood and growing wheat. Now, Ukraine's government ...

Puerto Rico's Wages Are No Benefit to Its Economy

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Nick Timiraos in Washington and Ana Campoy in San Juan, Puerto Rico Puerto Rico's long-simmering debt crisis owes much to an economy that has been shedding jobs for years. And blame for that, economists say, stems in part from ...

Greece's Syriza Spars Over Bailout Strategy

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Marcus Walker and Nektaria Stamouli ATHENS--Greek leader Alexis Tsipras pursued both compromise and confrontation with his country's creditors on Wednesday while his government's rival factions fought over how, and whether, to keep Greece in the euro. The embattled prime ...

Puerto Rico's Wages Are Linked to Its Job Woes

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Nick Timiraos in Washington and Ana Campoy in San Juan, Puerto Rico Puerto Rico's long-simmering debt crisis owes much to an economy that has been shedding jobs for years. And blame for that, economists say, stems in part from ...

Moody's Further Downgrades Puerto Rico's Bonds

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Maria Armental Moody's Investors Service on Wednesday cut Puerto Rico's ratings one notch further into junk territory, citing the commonwealth's declaration that it cannot pay its debt. Gov. Alejandro García Padilla said in a speech Monday that Puerto Rico's ...

Xiaomi's Smartphone Sales Slow in First Half

TODAY: July 2, 2015 PUB DATE: July 2, 2015

BEIJING?Chinese smartphone maker Xiaomi Corp. showed signs of slowing growth Thursday, as it announced smartphone sales of 34.7 million units in the first half of the year, less than half its full-year target. Xiaomi faces a challenging year as China's ...

Australia Trade Deficit Narrows

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Ross Kelly SYDNEY--Australia's trade deficit narrowed in May as capital-goods imports fell while the value of raw-material exports, including iron ore, increased. The nation posted a seasonally adjusted trade deficit of A$2.75 billion, compared with a record A$4.14 billion ...

PayPal to Buy Money Transfer Company Xoom

TODAY: July 2, 2015 PUB DATE: July 2, 2015

PayPal Inc. has agreed to buy digital money transfer company Xoom Corp. in a deal with an enterprise value of $890 million, a move that the company said will enhance PayPal's international presence. The $25-a-share deal offers a 21% premium ...

Proxy Advisory Firm Recommends Shareholders Reject Samsung Merger -- Update

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Jonathan Cheng SEOUL--Proxy-advisory firm Glass Lewis & Co. recommended that Samsung C&T; Corp. shareholders reject a proposed merger with the Samsung conglomerate's de facto holding company, Cheil Industries Inc., complicating an attempt by Samsung's controlling family to restructure its ...

Greece's Syriza Spars Over Bailout Strategy

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Marcus Walker and Nektaria Stamouli ATHENS--Greek leader Alexis Tsipras pursued both compromise and confrontation with his country's creditors on Wednesday while his government's rival factions fought over how, and whether, to keep Greece in the euro. The embattled prime ...

Dollar Edges Up Against Yen Ahead of U.S. Jobs Data

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Hiroyuki Kachi The dollar was a tad higher against the yen but moderately fell against the euro in Asia trade Thursday, as investors largely kept a wait-and-see stance ahead of the release of U.S. jobs data later in the ...

Family Dollar's Profit Falls

TODAY: July 2, 2015 PUB DATE: July 2, 2015

Family Dollar Stores Inc.'s third-quarter profit fell as the company reported higher costs ahead of its planned merger with Dollar Tree Inc. The discount retailer, which hasn't offered financial projections citing the pending merger, has agreed to sell 330 stores ...

Chicago Cuts 1,400 Jobs as Pension Fight Drags On

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Mark Peters And Michelle Hackman CHICAGO--Mayor Rahm Emanuel said Wednesday the nation's third biggest school district is cutting 1,400 jobs and boosting borrowing in response to the growing fiscal crisis facing Illinois and its largest city. The job cuts ...

Rents Continue Their Steep Climb

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Laura Kusisto Rents continued a steep upward push across the country, with some of the most expensive cities in the U.S. continuing to see some of the biggest increases. Average effective rents grew 3.6% during the second quarter compared ...

Petrobras Considers Selling Part of Distribution Unit

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Paul Kiernan RIO DE JANEIRO--Brazilian state-run energy firm Petróleo Brasileiro SA said Wednesday it may look to sell off part of its Petrobras Distribuidora SA distribution unit in an effort to cut towering debt. Petrobras said options include searching ...

PayPal to Buy Money Transfer Company Xoom -- Update

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Josh Beckerman PayPal Inc. has agreed to buy digital money transfer company Xoom Corp. in deal with an enterprise value of $890 million, a move that the company said will enhance PayPal's international presence. The $25-a-share deal offers a ...

Puerto Rico's Pain Is Tied to U.S. Wages

TODAY: July 2, 2015 PUB DATE: July 2, 2015

By Nick Timiraos in Washington and Ana Campoy in San Juan, Puerto Rico Puerto Rico's long-simmering debt crisis owes much to an economy that has been shedding jobs for years. And blame for that, economists say, stems in part from ...